My buddy, who knows absolutely nothing about investing, has been asking for advice on how to manage his portfolio. The problem is that I really don’t think it’s a good idea for me to advise him because if it doesn’t work out, he might blame me for the bad outcome. I’m thinking about just showing him how I invest and telling him he can choose to do what I do but the problem with that is that our risk profiles are completely different and he’s not a guy who will stick to a strategy for 20 years. I’d like to help him but don’t want to take responsibility of his portfolio’s management. Any advice is welcome. Tanks!
Oldest problem in the book, you get the blame if it goes bad and he wont buy you a slice of pizza if performs well…
Just tell him you own portfolio is tanking worse than market, it doesnt matter how it is doing, always tell them it is tanking
tanks
Buy low, sell high. 
No risk, no reward.
Read the calculator manual and do all the examples. 
Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That’s the other guy’s problem. Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness. Super Bowl, World Series - they don’t know what pressure is. In this building, it’s either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you’re up half a million in soybeans and the next, boom, your kids don’t go to college and they’ve repossessed your Bentley. Are you with me? 
i always start my advice by saying this is what i would do if i was in your position. then after i state it, i tell them the reason why. then i tell them my reservations of why i could be wrong then id end it with something like, but the odds are on my side, so id still take that bet. then id ask him how he felt about it. then if he says something liek a different investing style, then id say something like you dont have to do what i am doing, im just telling you my opinion on what is optimal. you could find a middle ground between our positions or just do what you are comfortable with.
bad outcomes could happen but just make sure you can explain why it went against you. You have to be ok with being wrong sometimes especially if you are trying to get alpha.
Yeah I think that might be a pretty good approach. Got to highlight the fact that the outcome might be terrible and this is a probabilities game, unless you’re @Black_Swan or @ohai. In that case, the market piggybacks you!
I just send articles by Ramit Sethi or Vanguard